Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

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Basis of Presentation and Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts Receivable
Following is a roll forward of the changes in our allowance for expected credit losses for the year ended December 31, 2023 and the three months ended March 31, 2024 (in thousands):

Balance, January 1, 2023 $ 3,587 
Change in provision for expected credit losses 47 
Recoveries of receivables previously charged to credit loss expense (638)
Write-offs charged against the provision (2,831)
Balance, December 31, 2023 165 
Change in provision for expected credit losses 242 
Recoveries of receivables previously charged to credit loss expense (13)
Write-offs charged against the provision (271)
Balance, March 31, 2024 $ 123 
Schedule of Concentration of Credit Risk and Significant Customers Following is a summary of our significant customers based on percentages of total accounts receivable balances at March 31, 2024 and December 31, 2023 and percentages of total revenues derived for the three months ended March 31, 2024 and 2023:
REVENUES ACCOUNTS RECEIVABLE
Three Months Ended March 31, At March 31, At December 31,
2024 2023 2024 2023
Customer A(a)
13  % 1  % —  % —  %
Customer B(b)
—  % —  % 90  % 90  %
Customer C(c)
—  % 16  % —  % —  %
a.Customer A is a third-party customer. Revenues and the related accounts receivable balances earned from Customer A were derived from the Company’s well completion services segment.
b.Customer B is a third-party customer. The accounts receivable balances with Customer B was derived from the Company’s infrastructure services segment. Accounts receivable for Customer B also includes receivables due for interest charged on delinquent accounts receivable.
c.Customer C is a third-party customer. Revenues and the related accounts receivable balances earned from Customer C were derived from the Company’s well completion services segment.